Although the Vietnamese Ministry of Industry has previously supported the privatisation of the country’s brewers, an official from the Beverages and Alcohol Corp. was reported as saying that its five-year development plan for state-owned breweries between 2005 and 2010, now being completed for submission to the government for consideration, makes no provision for raising equity finance or floating the breweries.
VIETNAM: Doubts raised over beer privatisation
Doubt has been cast over the privatisation of Vietnam's state-owned breweries with the Vietnam Beverages and Alcohol Corp., the organization responsible for them, stating that no beer producers under its supervision should be privatised.